Enterprise Financial Services Corp
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Financials : Banks | Small Cap Blend
Company profile

Enterprise Financial Services Corp (EFSC) is the holding company for Enterprise Bank & Trust (the Bank). The Bank offers banking and wealth management services to individuals and corporate customers across Arizona, California, Kansas, Missouri, Nevada and New Mexico. Its business objective is to generate attractive shareholder returns by providing comprehensive financial services primarily to privately-held businesses, their owner families, and other success-minded individuals. The Company offers a range of business and personal banking services, including wealth management services. Its lending services include commercial and industrial (C&I), commercial real estate (CRE), real estate construction and development, residential real estate, small business administration (SBA), and consumer and tax credit-related loan products. It offers a range of deposit products and a suite of treasury management and international trade services, along with its tax credit brokerage activities.

Closing Price
Day's Change
-0.27 (-0.52%)
B/A Size
Day's High
Day's Low
(Below Average)

10-day average volume:

Redfin stock sinks toward record low as surge in Treasury yields weighs on real estate services companies

12:51 pm ET September 22, 2022 (MarketWatch)

Shares of Redfin Corp. [rdfn] tanked 6.5% toward a record-low close, as big jump in Treasury yields weighed on real estate services companies, by increasing concerns over rising mortgage rates and further weakness in the residential housing market. Redfin's stock has tumbled TK% amid a six-day losing streak, and was headed for the lowest close since it went public in July 2017. Among other real estate services companies, shares of Douglas Elliman Inc. slid 1.1% toward a record low, RE/MAX Holdings Inc. dropped 2.1% and Anywhere Real Estate Inc. gave up 4.2%, while the S&P 500 fell 0.6% and the yield on the 10-year Treasury note , which guides mortgage rates, climbed to an 11-year high of 3.682%. Also weighing on sentiment, home builder KB Home reported disappointing fiscal third-quarter results after Wednesday's closing bell. In a conference call with analysts, KB Home Chief Executive Jeffrey Mezger said, according to a FactSet transcript: "Although the long-term outlook remains positive, many prospective buyers have paused and moved to the sidelines amid higher mortgage rates along with ongoing inflation and a range of macroeconomic and geopolitical concerns."

-Tomi Kilgore


(END) Dow Jones Newswires

September 22, 2022 12:51 ET (16:51 GMT)

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